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The Ethereum (ETH) Merge: The days of Proof-of-Work are numbered!

fri 26 August 2022 ▪ 14:00 ▪

4
min reading – per
Mikaia ANDRIAMAHAZOARIMANANA

After the Merger, Ethereum will no longer be the same. So are you waiting for within a few days to a myriad of changes at the level of the most popular blockchain in the world. A greener and more optimized Ethereum blockchain will emerge from it certainly. As the Merge calendar has been recently updated, we will provide you with some no less important details about this event in this post.

The Ethereum (ETH) Merge: The days of Proof-of-Work are numberedés!

After Bellatrix and Paris, it will be the real Merge

So far, the Ethereum Protocol Support Team has not said anything about the final date of the Merge. Nevertheless, we know the day of the Bellatrix upgrade on the Beacon channel. It will indeed be on September 6th at 11:34:47 AM UTC, according to the announcement made by the Ethereum team yesterday on the network blog.

After Bellatrix, there will be Paris, the transition of the execution layer Proof-of-Work towards the Proof-of-Stake. The expected date is between September 10 and 20, 2022. It is still necessary to reach the total terminal difficulty (TTD) of 58 750 000 000 000 000 000 000 000 before making it effective. The latter depends entirely on the PoW hash rate.

If everything goes as expected, a validator of the Beacon chain will produce the post-TTD block. According to the Ethereum developers, the finalization of a new JSON-RPC block tag will follow this step. Approximately 13 minutes will separate the production of these two blocks. And that’s when the Merge will become effective.

It should also be noted that Bellatrix will sign the end of the important activities related to the Merge, which bear the name of Testnet The Klin.

merge-upgrade-ethereum
Illustration of the Ethereum upgrade as part of the Merge

Recommendations for users

For operators of nodes

An update of the section “ Run a Node ” on Ethereum.org must be performed. This is to ensure secure communication, based on the use of a JWT token. Note that after the Merge, the full Ethereum node will be obtained from the combination of a client from the consensus layer (CL) and another from the execution layer (EL). This will facilitate, among other things, the management of the user’s status and the execution of calculations related to transactions.

For the stakers

The latter are requested to ensure the validity of user transactions and state transition blocks created and attested. If they are already on the Beacon channel, it is their responsibility to run an EL client after The Merge. At this point, they will have their responsibilities expanded, but at the same time, they will receive the priority fees related to the associated transactions. Provided, of course, that you give an address for the routing of said fees.

For ETH holders

No action will be required from them, whether they use Ethereum applications or own ethers on any exchange. Nevertheless, they are advised to take into account the recommendations of cryptocurrency exchanges like Coinbase to avoid any form of misunderstanding.

For minors

Minors will no longer have a legitimate status after The Merge. This is what Vitalik Buterin announced in this article that we shared on Cointribune.

Note that Ethereum will completely change once the finalization of the Merge is complete. Indeed, after that, the network will become greener, that is, it will consume less energy. The waiting time for this merger was long, and the speculations of the players in the crypto ecosystem are multiple. Now that the Ethereum team has put the dots on the “i”, it will be up to everyone to adopt the appropriate attitude.

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Mikaia ANDRIAMAHAZOARIMANANA avatar
Mikaia ANDRIAMAHAZOARIMANANA

The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it

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